TradeAlchemy

TradeAlchemy Updated 

24k? Hard to believe, but if this is the ABC pattern, then we can see 24k in the future. Lately been acting like a WAVE C so far.

TradeAlchemy Updated 

Shorted SPY this morning at the centerline of the channel. Looking to cover when it touches the bottom of the channel, or break if it does happen.

TradeAlchemy Updated 

You can see the negative divergence on this chart. Stock been pumping up and momentum is vanishing. I am shorting from up here, puts 2 weeks out.

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Shorted here for weekend swing. Met all of my criteria: WT turned red, rejected off 100MA, and momentum is getting weaker. Targeting 50% fib level.

TradeAlchemy Updated 

I spy a neg div and it's time for this to pull back. Targeting $300.

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2019 will be the year of gold. I see an inv. h/s with the 200% fib line as the price target before end of 2019.

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Last week was a retest of the uptrend line resistance. Planning to enter puts on Monday with a stop loss above the h/s neckline. My stop loss/ price target is on the chart.

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Forming a nice ABCD Pattern. Looking to start a new position. Stop loss and price target identified on the chart.

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I see inverse head and shoulder. This should hit around 291 range. I just entered long.

TradeAlchemy Updated 

I can clearly see the wave ABCD on Tesla. A bit late to the game, but I thought maybe I can short this on the last leg , Wave E. Target level are the two horizontal lines marked below.

TradeAlchemy Updated 

Nice retest of the fib. Time to head down? I will enter a short position. My stop loss will above today's high or break and close above the fib.

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Apple beat their ER expectation - of course, they're a beast. is it enough to save the market? That's the real question. I haven't touched elliott wave count in awhile so I thought I give it a shot. According to the wave count. I see a drop coming in the next week or so. Maybe August will be a weak month after all, now that we're done with all of the FAANG ER's...

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Someone shared this chart and caught my attention. I do agree with his formation and see an upcoming drop. I started a pos with $220 PUT 10/19, 8.78 avg. May add more into my position since this can continue to go up until mid-August - worst case scenario.

TradeAlchemy Updated 

I remember buying this stock back in 2012 at around 30/shr and held it through the bull run. It's sad to see this drop so much in such a short period of time. With the rising cost of coffee and the cutback in construction, I am assuming there will be weak guidance for this upcoming ER. Next week, we may see an ER run up to the 38% - 61% fib before the next...

TradeAlchemy Updated 

On Friday (7/6/18) I tried to short it at the 61.8% Fib with the assumption that it will reverse from there. I was a bit shocked by the rally that pushed this beyond the 61.8%. After evaluating the daily chart, I think we're heading for a test of the 78.6%, and potentially overextend the wave to fill the gap above, which is at the resistance. The Wave C down...

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Similar to my SPY analysis - i was a bit shocked on Friday and did lose on my puts at the 61.8% retracement level. I am planning to scalp this overnight and will sell after /ES reaches 24% fib retracement (2771-ish range) If it rejects off the 24% fib, I am planning to long PUTS, predicting another impulse wave down. This wave down may break /ES outside of the...

TradeAlchemy Updated 

SPY failed to break the neckline, closed below the 8MA, and no volume or whatsoever. I see this reversing and retesting the bottom support line. Will the support line hold? With so many upcoming news/ fed rate hikes/rising yield- I believe there is a high probability of SPY breaking the bottom line and work toward the 250 range.